Your annuitiy is only as good as the company that issues it. So when you buy annuities, it's wise to make certain that the issuing company is
financially sound. The A.M. Best Company, Standard & Poor's, and Moody's Investors Services are well-regarded rating companies that provide objective measures of insurance companies' creditworthiness. Here is a
sample of their ratings and what they mean.

A.M. Best Company

Standard & Poor's

Moody's Investors Services

The A.M. Best Company: A.M. Best is perhaps the best known of all
the insurance rating companies. It publishes over 50 different information products about insurance companies and the insurance industry. Here is an overview of what the A.M. Best rating system means.

The following ratings are considered "secure" ratings by A. M. BEST:

A++ and A+ (Superior):

A and A- (Excellent):

B++ and B+ (Very Good):

The company has demonstrated superior overall performance and has a very strong ability to meet its obligations to policyholders
over a long period of time.

The company has demonstrated excellent overall performance and has a strong ability to meet its obligations to policyholders over a long
period of time.

The company has demonstrated very good overall performance and has a good ability to meet its obligations to policyholders over a long
period of time.

The following ratings indicate that a company is "vulnerable" to financial difficulties in the future by
A. M. BEST:

B and B- (Adequate):

C++ and C+ (Fair):

C and C- (Marginal):

D (Very Vulnerable):

E (Under State Supervision):

F (In Liquidation):

The company has an adequate overall performance and can meet its obligations to policyholders, but may be vulnerable to unfavorable
changes in underwriting or economic conditions.

The company has demonstrated fair overall performance and can meet its current obligations to policyholders, but is vulnerable to
unfavorable changes in underwriting or economic conditions.

The company has demonstrated marginal overall performance. It can meet its current obligations to policyholders, but it is very
vulnerable to unfavorable changes in underwriting or economic conditions.

The company has demonstrated poor overall performance. The company can meet its obligations to policyholders, but is extremely
vulnerable to unfavorable changes in underwriting or economic conditions.

The company is under state insurance regulatory authority supervision, control or restraint, such as conservatorship or rehabilitation,
but not including liquidation. This rating may be assigned if the company is under a cease and desist order issued by a state regulator other than from its state of domicile.

The company has been placed under an order of liquidation by a court of law, or its owners have voluntarily agreed to liquidate.
Companies that voluntarily liquidate or dissolve their charters are generally not insolvent.

Standard & Poor's: Standard and Poor's rates the
claims-paying ability of over 300 insurance organizations worldwide, and monitors public data on another 2,000 U.S. companies.

The following ratings are considered "secure" ratings by Standard & Poor's:

AAA

AA

A

BBB

Superior financial security on an absolute and relative basis. Capacity to meet policyholder obligations is overwhelming under a variety
of economic and underwriting conditions.

Excellent financial security. Capacity to meet policyholder obligations is strong under a variety of economic and underwriting
conditions.

Good financial security, but capacity to meet policyholder obligations is somewhat susceptible to adverse economic and underwriting
conditions.

The following ratings are considered "vulnerable" ratings by Standard & Poor's:

BB

B

CCC

NR

R

Plus (+) or Minus (-) sign

Financial security may be adequate, but capacity to meet policyholder obligations, particularly with respect to long-term or
"long-tail" policies, is vulnerable to adverse economic and underwriting conditions.

Vulnerable financial security. Currently able to meet policyholder obligations, but capacity to meet policyholder obligations is
particularly vulnerable to adverse economic and underwriting conditions.

Regulatory action. As of the date indicated, the insurer is under supervision of insurance regulators following rehabilitation,
receivership, liquidation, or any other action that reflects regulatory concern about the insurer's financial condition. Information on this status is provided by the National Association of Insurance
Commissioners and other regulatory bodies. Although believed to be accurate, this information is not guaranteed. The "R" rating does not apply to insurers subject only to non financial actions
such as market conduct violations.

The ratings from "AA" to "B" may be modified by the addition of a plus or minus sign to show relative standing
within the major rating categories. Standard & Poor's ratings and other assessments of creditworthiness and financial strength are not a recommendation to purchase or discontinue any policy or
contract issues by an insurer or to buy, hold or sell any security issued by an insurer. In addition, neither a rating nor an assessment is a guaranty of an insurer's financial strength.

Moody's: Moody's Ratings, founded in 1909, rates the financial
strength of a variety of investment vehicles and institutions, including corporate bonds, preferred stock, short-term debt, mutual funds and insurance companies.

The following ratings are considered "strong" by Moody's:

Aaa

Aa

A

Baa

Exceptional financial security. While the financial strength of these companies is likely to change, such changes as can be visualized
are most unlikely to impair their fundamentally strong position.

Excellent financial security, together with the Aaa group, they constitute what are generally known as high-grade companies. They are
rated lower than Aaa companies because long-term risks appear somewhat larger.

Good financial security. However, elements may be present which suggest a susceptibility to impairment sometime in their future.

Adequate financial security. However, certain protective elements may be lacking or may be characteristically unreliable over any great
length of time.

The following ratings are considered "weak" by Moody's:

Ba

B

Caa

Ca

C

Questionable financial security. Often the ability of these companies to meet policyholder obligations may be very moderate and thereby
not well safeguarded in the future.

Poor financial security. Assurance of punctual payment of policyholder obligations over any long period of time is small.

Very poor financial security. They may be in default on their policyholder obligations or there may be present elements of danger with
respect to punctual payment of policyholder obligations claims.

Extremely poor financial security. Such companies are often in default on their policyholder obligations or have other marked
shortcomings.

The lowest rated class of insurance company; can be regarded as having extremely poor prospects of ever offering financial security.

1, 2, 3 Modifiers for each generic rating category from Aa to B. 1 indicates that the insurance company ranks in the higher end of its generic rating category. The modifier 2 indicates a mid-range ranking. The modifier 3 indicates that the company ranks in the lower end of its generic category.